Robo

Well, the 1877 and 87 club members are shelling out a lot more than a tenner a month, and in the case of the 1877 club they're buying a significant shareholding in SMFC. The important point is that they still only get 1 vote as a member of 10000 hours. My own expectations of 10000 hours are that the fans will own a majority shareholding in SMFC, preventing a Reg Brealey character ever getting has hands on the club, that we'll get to vote at the 10,000 hours AGMs, and that if you so wish you could stand for election to the CIC board. As others have said already, I didn't ever get the impression that the CIC would be run of the basis of referendums for every issue.

From the notes accompanying the draft articles: "25.2 Some comment is required from as many members as possible with regards to the terms of office. We have left in a standard 3 year term. However I am not sure this is correct. On the one hand we don’t want it (especially in the initial period) to be a revolving door while on the other hand we don’t what there only to be one vote for directors on day one and then no changes for three years. There needs to be some sort of initial phasing. Comments welcome " So sounds like this is not set in stone and that there is an arguement to shorten the term. 18 months reasonable?

Of course, buying merchandise or food from club, or indeed a season ticket, can't be considered an investment. You're just buying stuff, not expecting a return on the money outlayed.

De-list the company from where?

Nae bother bud, was hoping for an answer from 10,000 hours as I've not got the inclination to go away and do a load of research. It's not a deal-breaker for me - I'm quite happy with the proposal, without wanting to go into every detail. I'll look into it a bit more before I launch my election campaign!

Having a go at the CIC??? I've already pledged my membership - I was just interested in how the CIC is structured and assumed that a dedicated Q&A thread might be a good place to get an answer. But apparently not. Not a dig a you, just surprised how some people can appear to get so irritated at someone asking a question.

Is the CIC a limited company, and if so does it have its own shareholders? Who owns the CIC - is it the members, or shareholders, or the exec board, or none of the above?